How Much Does It Really Cost ??

[kentuck]

We learn just this morning that this "bailout" has now cost us $7,800,000,000,000.00 (That's $7.8
trillion dollars!) and once you get past 12 zeroes, you tend to stop counting. The FED, just today,
on its own, put up $550,000,000,000, because it thought it was the right thing to do, to get people
to borrow again. The people were burnt so bad the last time they tried it, a lot of folks are
hesitant to get back in the "game". By the way, the other $250,000,000,000 was to be paid
by....guess who?

Does that mean that we have to add another $8 trillion dollars to our national debt?? Wasn't the debt
already past $10 trillion before this financial universe explosion? So now our national debt would be
over $18 trillion dollars total?? Now, don't get lost. Follow me here. <smile>

Well, it looks like we won the war in Iraq, huh? <sarcasm> We can see that after George W Bush and
the last Administration borrowed over $5 trillion dollars for their taxcuts and the war in Iraq, it
had hardly any impact on our economy at all. Right? So what's the big deal if we spend another $7.8
trillion to "jumpstart this economy"? Because we have to save our last economic model or else we will
slide into some currency anarchy that quickly evolves into a bartering system. Is that what we want?
Really?

And do we trust the FED?? Do we truly trust the wisdom of those old men that rule the financial
empires of the world? Do we want to put our future in their hands? If it cannot be explained, it
cannot be possible.

So, back to the war. It's obvious that the folks that blew up the WTC and caused us to follow the
unwise leadership of George W Bush and the Republican Party, and most of the established Democratic
Party, into war in Afghanistan, and then, into Iraq, thought we could fight the war without paying
for it. And now, we see how little it cost. Right? <sarcasm>

So, if we don't trust the FED to make the decision to spend another $8 trillion dollars, who would we
trust? Should there be some type of consensus with the folks that we elected to represent us? Should
not all spending bills originate and end in the Congress of the United States of America? Is any of
this legal as per our own laws as written in our own sacred Constitution? By the way, where is our
Congress on this question? Probably hid away somewhere until after Christmas? And probably for the
best??

But what do we get? Isn't that just a little much for just a good screwing?? Do we pay in inflation?
Or do we pay with deflation? Just how much faith do you have in the decisions of these old men? For
that matter, how much faith do you have in any of our politicians?





kentuck

[SammyWinstonJack]

1. Not much at all, really.

How much faith do you have in any of our politicians?

[DJ13]

2. how much faith do you have in any of our politicians?

None since for all the money spent so far theres precious few dollars allocated to help the overextended consumers.

The politicians havent even leveraged the bailouts to force interest rate reductions.

The whole lot of politicians arent worth a piece of dog crap as far as trying to deal with the root cause of this crisis.......the 30 year assault on the wages of the average American that has finally reached the point where they've started defaulting on their debts.

I hope this changes under Obama, but his choices for key economic positions are filled with people that have the same misguided belief that Wall Street represents the economy, and have track records of being for the policies that have got us into this mess in the first place, so I wont hold my breath.

[kentuck]

3. Amen Brother or Sister !!

Who is going to read our Constitution and who is going to stand up for We, the People ??